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as successor to president hu jintao. he visited the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. xi will likely be joined at the top by li kequiang, the man widely expected to become china's next premier. li became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. li became vice premier in 2008. li keqiang is 57 years old. he's currently in charge of domestic economic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. his classmate told us li also dedicated himself to studying english. he says the man who will become china's premier showed no sign he would become a politician. >> i think every single day he got a lot of tickets in his pocket. in one side, he would write english, another side, chinese together. start out like this. and every day he read this,
the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day for wall street. >> i don't think it's for the best of the country. i had a good feeling that romney was going to be a better candidate for the economy. not bowl. obama. >> many offices in history manhattan remain closed. new york city officials have struggled to turn power back on after hurricane sandy hit last week. >>> following an overnight plunge on wall street tokyo share prices are falling thursday morning. the key nikkei arm now currently standing at 8888. that is down 84 points, or just about 1%. investors placing sell orders on especially export-related issues. currencies, the dollar is currently being sold against the yen. worries about u.s. and european economies. the dollar/yen, 79.96-80.01. the euro/yen, 102.01-06. market players are buying the yen, it's regarded as a relatively safe asset amid pessimistic factors. those include the overnight sell-off on wall street, as well as the grim economic outlook for the eurozone which w
with the united states more reliable. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has charted the strategy of countless campaigns. i asked him ear
>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h
the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to eliminate tariffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government a
. that means palestinians have gained more powers but u.s. and isiseli leaders argue it throws up more barriers on the road to peace. >> reporter: it was a historic day for palestinians. before the vote palestinians president made his last plea to gain the support of delegation from u.n. member states. >> translator: i am hoping everyone's decision will give a birth certificate to the state of palestine. >> the assembly voted on a resolution to award palstines nonmember state. >> the result of the voting is as follows. in favor, 138. opposed, 9. abstentions, 41. >> reporter: an overwhelming majority voted in favor. among the minority who voted against resolution were israel and the united states. they argue that the palestine state hood should be negotiated between the two parties first. thursday's vote was a significant victory for the palestinians after their bid to gain full u.n. membership was shelved in the security council. being recognized as a state pal stain my exercise its new right to investigate alleged war crimes by israel. critics say it would the detrimental. it remains to be see
program. he'll likely ask china to persuade the north to skrapt launch. u.s. analysts said recent satellite photos said pyongyang may fire another missile. north korean military leaders launched what they called a satellite from the same pace in april. western intelligence analysts said the device, which crashed, was a long-range missile. >>> people at a japanese electronics company are interested in strength ning their renewable energy depart uchida from the businessk joins us now. >> i want to tell you specifically about rechargeable batteries or storage batteries. they're use envelope households during pow area outages, they're useful to drivers who use them in place of gasoline. the people at nec in japan understand that this is a growing and important market. the japanese electronics firm will join the bidding for a bankrupt u.s. company making storage batteries. nec officials say they want to buy the failed batterymaker a 1, 2, 3 systems. the u.s. firm filed for bankruptcy protection last month. it will be up for auction in early december. sources say nec could end up paying
leaders are concerned about what's happening in the u.s. why should they be worried? >> we've heard the fiscal cliff quite a few times. we're going to hear much about it and that's a fact. tax cuts are going to expire just as spending cuts kick in and many fear this will push the u.s. into a recession. the head of china's central bank knows how connected the global economy is. he said it would have an impact well beyond the borders of the united states. >> translator: many drins are concerned about the possible effects of a fiscal cliff. the global economy faces a number of uncertainties which are making it hard to judge china's economic forecast for next year. >> some indicators are rebounding and the economy is stabilizing. >> the nikkei is down over 1% from thursday's close around 101 points. investors selling stocks. that's after the dow jones suffered more than 120 points. investors concerned about the u.s. fiscal cliff issue. let's switch to currency as well. let's have a look at the currency levels now. 79.50 to 51. euro 101.30. a possible delay in greece receiving financial
country is ready to do what it takes to defend its people. u.s. president barack obama spoke with netanyahu. they agree they need to stop attacks. morsi says the israelis must realize their aggression will only lead to instability in the region. iran has condemned israel's military assault on the gaza strip. the iranian foreign minister had to convince israel to stop its military aggression. >>> another round of talks on iran's nuclear program is about to resume. negotiators will meet in brussels next week in their latest attempt to move the discussions forward. negotiations between the six nations and iran have been suspended since they last met in june in moscow. the two sides have failed to make any significant progress on the issue. they are demanding iran halt its program. it's concern that the end product could be used to develop nuclear weapons. foreign policy chief kathryn ashton and negotiators of the six countries will discuss a new nuclear proposal for iran. >>> the company responsible for the massive gulf of mexico oil spill is facing the largest criminal fine in
of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region. prime minister julia gillard pledged cooperations during president obama's second term. >> i'd like to welcome president obama my warmest congratulations on his reelection. we've got so much to do together in th
the u.s. he said american official leaders have promised to minimize the global consequences of official tightening. >>> president barack obama and mitt romney are making their final pitches before americans head to the polls. obama visited three swing states. he told a crowd in wisconsin that romney would resurrect the republican policies of four years ago and preserve tax cuts for the wealthy. >> it's a choice between returning to the top down policies that crashed our economy or a future that's built on providing opportunity to everybody and growing a strong middle class. >> romney also campaigned in swing states. he told an audience in florida that obama had failed to deliver on promises to reduce the economic burden on americans. >> tomorrow we begin a new tomorrow. tomorrow we begin a better tomorrow. this nation is going to begin to change for the better tomorrow. >> the latest poll from abc news and the washington post suggests 50% of likely voters will cast their ballots for obama. 47% for romney. polls indicate a close race in eight states. some suggest the candidates are runni
of early elections. one of the world's biggest consumers of fuel may be self-relia self-reliant. u.s. us a makers churn out car after car but it seems americans will making more fuel to power them. >> that's light. industry analysts expect a major shift will take place in the near future. we're hearing the united states will become the world's largest oil producer in the next five years. the iea said u.s. oil output would surpass saudi arabia. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient in energy by 2035. that's due to an expected surge in production of shale gas. a type of natural gas trapped in under ground rock. america relies on it for 20% of import needs. now let's get a check on the markets. the yen is losing ground slightly against the dollar and the euro. dollar/yen is changing hands at 79.57 and the euro/yen is quoted at 100.99 to 104. debt stricken greece could get bail out funds. share prices are rising slightly in tokyo. this morning the index stands at 8,695. that's up about two-tenths of a percent. the index fell six days
reaffirmed egypt's commitment to the palestinian cause and a need for just resolution. u.s. secretary of state hillary clinton helped negotiate the deal. she promised to work with partners in the region. the israeli military killed about 160 palestinians during the conflict. palestinian militants fired rockets from the gaza strip that killed five israelis. prime minister netanyahu said the right thing is to reach a lasting cease-fire but he warned of a wider military operation if security was threatened. hamas leader mashau warned his forces would resume attacks if israel broke the truce. >>> people in jerusalem are wondering if the cease-fire will hold. cohey sue gee has covered the middle east for years. he was in gaza on the first day of the offensive. kohei, why did the two sides agree to this truce? >> reporter: well, thousands of rockets have been fired since israeli forces withdrew from gaza in 2005. the israelis seemed to have come to the conclusion that they succeed the in reducing the ability of hamas to attack. and i think the influence of the u.s. contributed to bringing a
policy watch, the u.s. jobs data, which will be out on friday, as well as the u.s. presidential election next week. so a lot to watch out for. back to the studio. >> a lot to watch out for indeed, thank you very much. our business reporter at the tokyo stock exchange. >>> that's all for business news for this hour. i'll leave you with a recap of the markets. >>> u.s. president barack obama would be speaking to crowd after crowd in swing states if it hadn't been for the storm. he has less than a week to convince undecided voters. most americans have already examined his record over the past four years. he started his term with a sentiment offered by many of those who came before him. >> that america can change. our union can be perfected. >> many americans have grown tired of what their country had come to represent under george w. bush. obama promised change at home and abroad. he brought an end to the war in iraq. he said u.s. combat forces would pull out of afghanistan by the end of 2014. and he promised to decimate al qaeda. >> after a fire fight they killed osama bin laden and took c
with the development of long range missiles. u.s. researchers at johns hopkins university say the country has conducted at least two tests of large rock elt motors since the failed launch in april. one satellite image shows the removal of field tags and the appearance of exhaust screens. they say the sign tests have been carried out. another image shows similar discolorations and stains and an object that appears to be a large rocket engine. the analysis says that construction activity is under way to launch an even bigger rocket. it warns that north korea may start a new round of nuclear and rocket tests in the first half of next year. two south korean presidential candidates who joined forces for next month's election are thrashing out which one will stand. unaffiliated politician xiu and mu ching of the democratic united party struck a deal they won't stand against each other. south koreans have shown in polls a joint candidate would match the front-runner from the ruling party. members of both camps are currently discussing how to decide on who should stand. local media have proposed the idea of a
to get the green light. on the sidelines of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the house of representatives. obama on wednesday held his first news conference since re-election. he expressed strong concern about expiring tax cuts and automatic spending cuts referred to as the fiscal cliff. unless lawmakers can agree by the end of this year to extend the tax cuts for middle class, the economy could plummet. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on, and that's to keep middle class taxes lower. >> obama stressed the u.s. cannot afford to extend tax cuts for the wealthiest 2% of the population if it wants to reduce the country's mounting deficit. obama asked for cooperation from republicans. he said he is open to compromise and open to new ideas that could bring about a rise in tax revenues. >>> let's check on the markets. first,
. the document warns the fiscal cliff would not only deal a heavy blow to the u.s. but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's against a base value of 100 set in 1985. they say that the christmas shopping season started smoothly last weekend and the analysts are still concerned about the impact the fiscal cliff may have on consumer sentiment. the index is a key indicator of recovery and consumer spending which accounts for 70% of u.s. gross domestic product. now let's get a check on the markets. japanese stock prices are trading lower after four straight days of gains in the nikkei average is currently down half a percent at 9,375. now, investors
index is up there about .4. it's intel outside for the boss of the major u.s. jet maker who is taking early retirement. intel has struggled in the global shift. intel officials announced on monday that paul otalini will retire next may. they have started selecting his replacement. he became the fifth ceo in 2005. he built closer ties with apple. int intel's growth slowed as it fell behind in smartphones. intel saw its market value this month beat out by its rival. china has postponed the japanese merger for a third time. they are having to put off plan consolidation of their ship buildings operations. they are waiting on approval from chinese anti-trust authorities. officials from japan's second large largest shipbuilder say they will postpone their merger until january 1st. the shipbuilders are required. chinese officials have not completed the paper work. they are reportedly failing to respond to the japanese firms. there's falling global demand for ships. the two builders plan to merge to help them design energy efficient vessels. they are aiming the boost maritime operations. that
, and editor of "u.s. news and world report," he's received both the national book award. you can read his blog at theatlantic.com. jim fallows, it's good to see you. >> thank you so much, bill. honor and pleasure to be here. >> what surprised you about this election? >> i guess what surprised me is, as the results sink in in the days after the election, how thorough going was the repudiation of what had seemed the unstoppable tea party momentum of the previous two years. and i think the fact also that in the days before the election, essentially, the right wing is saying, "yes, this is going to go our way again, as it did in 2010." i was in touch with lots of people in the romney campaign who really thought they were going to win and win big. it's been fascinating. there's been very little of the narrative from the right saying, "this was stolen, it was all fraud," et cetera, et cetera. and i think they may be sinking on them that they were out of touch with the actual nature of the u.s. now. >> you wrote the other day that the reelection of obama is actually more impressive and maybe more imp
and rocket fire killed more than 160 palestinians and 5 israelis. >>> south koreans will soon >>> the u.s. ambassador is used to defending her foreign policy decisions. susan rice has broken her silence to defend herself. she's a candidate for secretary of state but she's faced scrutiny because of comments she made on the attack in benghazi, libya. rice made a tv appearance immediately after the september 11th attack. she suggested protests in benghazi over a u.s.-made film that mocked the prophet mohammed triggered the assault on the consulate. investigators later determined it was likely a premeditated plot by extremists. the attackers killed the ambassador and three other americans. rice broke her silence wednesday in response to rising criticism from members of the republican party. >> i relied solely and squarely on the information provided to me by the intelligence community. i made clear that the information was preliminary. and that our investigations would give us the definitive answers. >> republican lawmakers are mounting a campaign against a possible plan by president barack o
added up to 22 million u.s. dollars. >> reporter: it was built because the original estate ran out of space with an increasing number of japanese companies moving in. the five companies residing here now are all japanese. some who work in high-tech saw a chance to be closer to their clients including samsung and hyundai. one manufacturer opened a factory ten kilometers away from their client, lg. >> translator: clients technical demands are getting tougher. we knew we had to be closer to them. >> reporter: managers at both companies work together to smooth out the production process. they discovered and fixed a glitch in one production line. the change kus costs for both sides. they say they could have only made such progress by working face-to-face. >> translator: now the japanese companies can supply us with more glass products and we can bring in good materials. so for us it's a huge advantage. >> reporter: some say in the moment people in both countries see the tensions through a magnifying glass but they say most japanese and south koreans get along just fine. they have reache
was the extent to which the u.s. car manufacturers have penetrated that market. >> we should be wanting -- >> exporting. >> but we want to build them here. >> we do build some of them here, and some of them get finished there. penetrating markets helps us. >> what degree of the shamelessness campaigns engage in towards the end bread and this is important, mccain did the right thing -- we're not going to do race. i am sure his staff would have if he had not -- >> in the interest of fairness, the obama campaign did something egregiously indefensible, airing a spot in ohio with a statement about mitt romney, "he is not one of west." that is codeword for the worst form of bigotry in this country. >> see you next week. >> "inside washington" is brought you in part by the american federation of government employees, proud to make america work. for more information about afge and membership, visit afge.org. >> edward hirsch wrote a book, how to read a poem and fall in love with poetry, that became a surprise bestseller in 1999. this poem, a partial history of my stupidity, was inspired by a cz
term, "tampa socialite." general allen is in charge of the fate of 82,000 u.s. troops. ofi don't know the content those are, how many came from him, i don't know those things but we don't know the nature of that relationship. quite a different relationship between allen and joe kelly and petraeus and broadwell -- and jill kelley and petraeus and broadwell. >> why didn't the justice department tell the white house what was going on? >> if they had, we would be screaming cover-up at the white house. damned if you do, damned if you don't. bell and sisson, is that he be told when high-level people were under investigation but not tell the president. it would compromise the investigation -- >> there was an election going on. >> there was, and i agree with nina. you have to be careful that you don't put yourself in the position of the cover-up. what is conduct that is worthy of blackmail? the director of national intelligence, what we all say it is. petraeus could be blackmailed by it and fired by it -- >> the fbi agent thought he was doing his duty. >> he is shirtless and he goes to a cong
between the u.s. and israel will not change. what has changed is what colby address, and that is, the reality of the arab world. we no longer have mubarak in power in egypt, and that guaranteed to played a key role in dealing with israel. nina is absolutely right, the islamic jihad backed by iran is putting pressure in gaza, and on hamas itself. this has to stop. 1500 rocket attacks on an area slightly twice as large as washington d.c. on wednesday. and attacks within the suburbs of tel aviv and jerusalem are absolutely unacceptable. but i think the hope is this compound -- is this, barack obama has a political advantage because benjamin netanyahu is up for reelection and favored to win. but he was so obvious and so transparent in his support of mitt romney, all but endorsing him this year, i think there is a chance for a resolution. >> that is absurd. what resolution? hamas's charter declares that not only is israel illegitimate and has to be eradicated, but in the carter -- in the charter, jews are the cause of wars starting back to the french revolution. we're stock -- we are
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